18 APR 2019 Top 10 Headlines | APARNA SAI Indian law firm DSK Legal has raided rival HSA Advocates for 12 lawyers in Delhi, Mumbai and Bengaluru. Joining HSA as senior partners are Anjan Dasgupta and Aparajit Bhattacharya, with Nand Kishore, Harvinder Singh, Aninda Pal and Sharath Chandrasekhar moving as partners.
With the hire of Chandrasekhar, DSK is re-establishing its Bengaluru office, which the firm had closed earlier. While initially, the office will be working on corporate, M&A, real estate, financing and other non-contentious advisory work, the firm plans to add a litigation offering shortly. Read More | | | | | | | | | | | | | | | | | | | | |
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| ALB marks 15th SE Asia Law Awards in jubilant fashion The 15th edition of the ALB SE Asia Law Awards turned out to be as much of a resounding success as previous years, showcasing the work of the finest lawyers and law firms in South East Asia. Full Article |
| California-headquartered firm Wilson Sonsini Goodrich & Rosati has appointed Wanda Woo as a partner in the firm’s corporate and securities practice in Hong Kong from Kirland & Ellis. Full Article |
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| Cyril Amarchand Mangaldas, India’s largest firm by headcount, has established an educational programme targetting legal and business professionals in companies. Full Article |
| Beijing- headquartered Jingtian & Gongcheng has established a disputes practice in Hong Kong after hired two lawyers from RPC: Gary Yin, who was a partner, and senior consultant Ben Yates. Full Article |
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| Big Four accounting firm EY has continued making inroads into the global legal industry after acquiring Thomson Reuters’ Pangea3 Legal Managed Services (LMS) business. Full Article |
| J. Sagar assists on Baring Private Equity’s $700 MLN acquisition, Davis Polk leads on Zhenro’s $429 MLN notes offering, and much more in this week’s Asia Deals table. Full Article |
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| Imagine a situation where tens of thousands of companies build their own compliance programs. They build and implement them based on ‘best practices’ of what they under- stand other companies are doing, what they hear at conferences and what they think is best based on their experience. These programs are hardly ever disclosed and are rarely independently audited or verified. There are literally hundreds of laws, regulations, rules, policies and guidelines applying to the company, multiplied by the 100 countries in which the company operates and again by the 10 to 15 key risk areas that the company faces. That is a complex web of obligations that can immediately derail a compliance team if there isn’t a clear set of verifiable steps to follow. Full Article |
| Quinn Emmanuel hires Tokyo arbitration partner from Hughes Hubbard, top firms’ promotions across Asia, and much more in this week’s Asia Appointments table. Full Article |
| On March 15, 2019, the PRC national People’s Congress promulgated the People’s Republic of China (“PRC” or “China”) Foreign Investment Law (the “Foreign Investment Law”), which will become effective as of January 1, 2020. Upon its implementation, the Foreign Investment Law will supersede and replace the existing PRC Sino-foreign Equity Joint Venture Law (the “EJV Law”), PRC Sino-foreign Cooperative Enterprise Law (the “CJV Law”) and PRC Wholly-foreign Owned Enterprise Law (collectively, the “FIE Laws”), which have been governing foreign investment in China for several decades. Full Article |
| Government of Republic of Indonesia (GoI) through the Ministry of Finance (MoF) has recently issued state sharia securities (Surat Berharga Syariah Negara–SBSN) targeted for Indonesian individual investors, in the form of Sukuk savings (Sukuk Tabungan) series sT-003 (“ST-003”) on February 2019 and Government Retail Sukuk (Sukuk Negara Ritel) series sR-011 (“SR-011”) on March 2019. Pursuant to MoF Regulation no. 125 year 2018 on the Issuance of Retail sBsn, sT-003 and sR-011 are projects and assets based sukuk with underlying projects and assets as listed in 2019 state Budget and list of state-Owned Assets (Barang Milik Negara–BMN), hence aim to finance various government infrastructure as well as non-infrastructure projects. With the concept of asset-based investment, investing in sukuk is relatively low-risk since the GoI owns the underlying assets; meanwhile, from the government side, sukuk can be deemed as alternative financing from traditional reliance to state Budget to finance public infrastructure projects. Example of infrastructure projects financed by the issuance of sT-003 and sR-011 include Trans sulawesi railway (crossing Makassar- Pare-Pare) in south sulawesi, Petuk Kupang Bridge in East Nusa Tenggara, and Regional Road of Tayan-Tanjung-sanggau in West Kalimantan. Full Article |
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